Strapp takes on BT New Zealand

chief-investment-officer/chief-executive/bt-funds-management/BT/

5 April 2004
| By Lucie Beaman |

BT Australiachief investment officer Guy Strapp is taking on the additional responsibilities of acting chief investment officer for BT New Zealand (BTNZ) following the resignations of former BTNZ chief executive Craig Stobo and chief investment officer Andrew South.

Until a replacement chief investment officer is named, Strapp is charged with providing an investment management overview and support to the BTNZ investment team, and will be encouraging its trans-Tasman subisidary to leverage off the resources of the Australian investment team.

Former BTNZ chief operating officer Mike Newton has stepped back into the helm of the business, but only on a temporary basis, he says.

Newton, who left BT last year to establish his own asset management business, says he has no intention of taking on the job on a full time basis, and that he will continue his work at Select for the duration of the short contract with BT.

Stobo says his resignation, after 14 years with the group, is not in order to take up another position, but to pursue other ideas as it was time for a change.

Stobo took over as head of BT Funds Management (NZ) in September 2000, following the departure of then chief executive, Myles Baron-Hay.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 1 week ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 1 week ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

1 week 4 days ago

The Reserve Bank of Australia has announced its latest interest rate decision following this week's monetary policy meeting....

2 weeks 6 days ago

A former financial adviser who stole $4.4 million from his family and friends to feed gambling debts has been permanently banned by ASIC....

3 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
moneymanagement logo